Middlefield Banking Co., Andover Bank rank among 200 best community banks in U.S. by profitability

Northeast Ohio’s Middlefield Banc Corp. and Andover Bancorp are among the best community banks in the country, according to an annual ranking by American Banker that considers overall profitability, though their performance has slipped some from last year.

Those companies, the parents of The Middlefield Banking Co. and The Andover Bank, were the only community banks in this region to make the list. They’re among 11 Ohio banks in the report, which looked at 684 publicly traded institutions with less than $2 billion in total assets. The list ranks the top 200 based on returns on average equity across three years. Middlefield, which has about $735 million in total assets, ranked 42nd this year with a three-year ROAE average of 11.99%. That’s a slight decrease from 2015 when the bank placed 38th with a three-year ROAE average of 12.44%. The bank is the 13th-largest in Northeast Ohio by deposits, according to Crain’s 2016 Book of Lists.Andover, which has about $400 million in total assets, ranked 86th with a three-year ROAE average of 10.75%. That marks a slip from last year’s ranking at the No. 42 spot based on a three-year ROAE average of 12.3%. The bank is the 15th-largest in Northeast Ohio, according to the Book of Lists.American Bankernotes that among the top 200 banks, net loans grew a median of 8.39% through 2015, which was a slight increase from the prior year. The median core deposit growth among those companies was 10.33%, which compares closely to their peers who still saw growth of 9.26% in that line. The average yield on earning assets, though, fell seven basis points for both the top 200 and their peers for a median of 4.19% and 4.05%, respectively. Read the full report here. These are all the Ohio institutions that made the 2016 list, with their three-year ROAE: • 21. Minster Financial Corp. (Minster) - 13.42% • 26. Home Loan Financial Corp. (Coshocton) - 13.03% • 41. Merchants Bancorp (Hillsboro) - 12.01% • 42. Middlefield Banc Corp. (Middlefield) - 11.99% • 56. FFD Financial Corp. (Dover) - 11.44% • 77. Heartland BancCorp (Gahanna) - 11.00% • 86. Andover Bancorp (Andover) - 10.70% • 111. CSB Bancorp (Millersburg) - 10.20% • 119. Commercial Bancshares (Upper Sandusky) - 10.05% • 125. Ohio Valley Banc Corp. (Gallipolis) - 9.90% • 160. SB Financial Group (Defiance) - 9.32%